A.c installed in plant
This query is : Resolved
08 August 2011
Sir,
Please suggest me :
as per income tax act & co. act under what category should i consider the depreciation rate if A.C has been installed in plant.
consider it as urgent!
Please suggest me :
as per income tax act & co. act under what category should i consider the depreciation rate if A.C has been installed in plant.
consider it as urgent!
CA PARAS BAFNA
(Expert)
08 August 2011
AC is an integral part of the plant. Without it production efficiency level can not be achieved. In every kind of such plant AC is necessary. If the situation is like this, take the rates applicable to the plant. Otherwise charge depreciation @ 15%.
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